Amendment 4: A closer look

Amendment 4 is drawing a lot of attention before election day next week.

If passed by voters Amendment 4 would provide an additional Homestead Exemption for first-time Florida home buyers equal to 50 percent of the just value of the home.

It would also provide a reduction in the non-Homestead property increase cap from the current 10 percent, down to 5 percent, and would give lawmakers the power to prohibit increased in assessed value, during times of market value decline.

John Sebree, the senior Vice President of the Florida Realtors, is in favor of Amendment 4, while John Thomas, with the Florida League of Cities, is against this proposed change in the constitution.

Both men joined political reporter Greg Fox Friday on WESH 2 News' daily political program.

Watch:

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The show, "Commitment 2012: Extra," will air at 12:30 p.m. every weekday following WESH 2 News at noon.

"Commitment 2012: Extra" runs through Nov. 6. It will air on WESH 2 and on WESH.com.